Home Depot: Earnings Mixed, Wait to Buy the Dip Hosted by Laycee KluinMay 15, 2024Add As Preferred SourceShareShareShare This VideoLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.7214 of 5 stars$319.730.0%2.91%22.37 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatPrevious VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube Listen to MarketBeat Other Platforms The Fed Just Slammed the Market (3 Stocks to Buy Now)MarketBeat TV | September 16, 2026Watch VideoRecent VideosHe Got Rich Off AMD at $2. He’s Buying These Stocks Next.MarketBeat TV | October 23, 2026Watch Video4 Stocks You’ll Wish You Bought on This Dip (One Is Down Over 50%)MarketBeat TV | October 22, 2026Watch VideoMarket Volatility Is Back — Here’s How to Profit in 15 MinutesMarketBeat TV | October 21, 2026Watch Video Featured Articles and OffersTesla's Roadster Reveal Hints at 2 Much Bigger MovesOctober 19, 2026Trump’s Plan To Cheat HistoryFrom Porter & Company (Ad)Newmont’s Record Quarter Shows Why Gold’s Floor Is the Real StoryOctober 25, 2026Aurora Rejects Curaleaf's Higher Bid, But the Takeover Fight Isn't OverOctober 20, 2026Is Texas Instruments Setting Up for Its Next Big Breakout?October 22, 2026Bank of America: 'Digital Dollar Inevitable'From Decentralized Masters (Ad) Search Headlines Unlock superior investment research and tools. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools and reports. Get MarketBeat All Access MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In Email Me a Login Link or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Hosted by Laycee KluinMay 15, 2024Add As Preferred SourceShareShareShare This VideoLink copied to clipboard. Play video for Home Depot: Earnings Mixed, Wait to Buy the DipDetailsGuestsHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard to come by this year. Conversely, better-than-expected profitability and an outlook for normalized operations suggest that capital returns will continue to flow. Because HD analysts cap gains, upward movement will be limited for the foreseeable future. Because the stock yields a healthy 2.65% while trading at fair value relative to the S&P 500, support should be solid at the bottom of the range. The takeaway for investors is that Home Depot is a solid discretionary stock to hold while it trades within a long-term consolidation range and one to target for buying on the dips. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioHDHome Depot4.7214 of 5 stars$319.730.0%2.91%22.37 Add This Stock to My Watchlist Thomas Hughes, GuestMarketBeat Contributor, MarketBeatThomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.Laycee Kluin, HostDigital Marketing Strategist, MarketBeatPrevious VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube
